Lysaker, 1 August 2011
N2EX day-ahead auction saw its monthly volumes exceed 1.1 TWh for July 2011, the highest monthly volumes traded since the N2EX market was launched in January 2010.
The new monthly volume record succeeds two record breaking weeks. In week 27 N2EX reached total auction volumes at 258 GWh, while the volumes reached a new all-time high in week 30 with 277 GWh traded.
The high volumes can be attributed to several new members at the N2EX, contributing to growing confidence in auction depth and to a shift from continuous to auction trading.
Total volume traded on the N2EX auction since 1 January 2011 is 5.28 TWh, giving an average daily volume of 24.8 GWh. As of today there are 31 members trading on the exchange.
For further information, please contact N2EX:
Press contacts:
Stina Johansen, Communications Manager, Nord Pool Spot, phone +47 916 50 603